Arbitrage
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Make sure you have enough money to pay off the entire bill before spending something on your credit card. If you don't have the self-discipline, then get rid of your credit cards. |
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jennifer
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Keep them frozen in a block of ice so you have them just in case but it is not so easy to get to them. |
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daudafaerd
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1. Don't use credits cards
2. If you have to use them, pay your balance in full upon receipt of each statement.
3. Purchase a prepaid credit card, where you cannot exceed the balance you have already paid for. |
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experience
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Pay your bills on time (with in 28 days). Keep up with buying habbits and nip any tendencies to overspend in the bud. Don't use the cards to pay for things like rent or mortgage payments or Car etc...smaller charges when you know you will have the money next week, and larger purchases when you already have the money in the account. |
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sunny
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1. dont use it
2. pay it off right away |
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charlieandluella
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I use my credit card on larger purchases, but always pay the balance in full when the bill arrives. I have a special place for receipts that I keep track of to know what the balance due is. I only have one credit card. If you find that it is impossible to pay the entire balance, then pay at lest half of what you owe, and plan to pay the remainder the next month, without adding to the debt |
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SoCal
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If you don't currently have credit card debt, I would suggest that you live within your means and only buy things you can pay cash for. It's more conservative living but you're much better off in the long run.
If you already have credit card debt, try your very best to begin living within your means and include in your budget extra money to start paying down the debt. It's critically important that you allow enough to pay MORE than the minimum payment. If you don't, it will take years to pay down the debt.
If you got yourself way over your head and there is no way to even pay the minimum payments, then you should either negotiate a payment plan with your credit card companies, or get a consolidation loan (perhaps a 2nd mortgage) to help relieve the pressure. Then, you can start pay that off...and also start paying more than the minimum when you can. |
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Kate
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pay your bill |
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redsexyroxy
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only accept one major credit card. then only use for emergencys.pay cash or use lay-a-way plans. |
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bluetoonbabe
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definetlty dont get one or pay the balance off each month.
i had afew and ended up in a lot of debt. really stupid. i would take another out to pay it off then spend on both and kept on repeating this
then i had to take out a loan to pay it off. |
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johnny_the_atheist
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dont use them. simple as that.
use this rule: if yo ucant pay for it with the money you have, yo ucant buy it. |
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bobbyz71keo
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dont use them, cut them up |
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arseantlers
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gain amazing self control - or find a better use for them like de-icing the car, scraping paint off the walls, picking your toenails or spreading butter with them instead |
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clairmelville
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If u don't have the willpower to spend within your means then don't get one. |
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question_ahoy
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1. Don't use your cards.
2. If you use your cards, pay as much as you can back each month. In any case, pay more than the minimum.
Get used to using cash. Build up your savings so you have the resources to cover the unexpected. |
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Gazoo
|
Credit cards are essentially small loans you take out for every day things. The longer you carry a balance the more you pay. When you have a card, the companies try to get you to think of it as free money with reward programs and miles so you run up your balance. The best way is to avoid them all together and not get any. Second best is to use it only for emergencies and pay it off quickly. Third best is to use it but pay if off at the end of every month to avoid paying interest. Anything else you do beyond that will eventually lead to credit card debt and trust me, you wont be alone out there! |
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rosepetals_03217
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Make your payments plus the interest on time every month or just don't have credit cards. |
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________
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An interesting seminar to hold over credit card debt would be to have someone there who lost everything, due to using credit cards to the extreme.
I agree with the others that not having credit cards is the best answer, but for people who have them (and debt) already: Someone should be there to inform the people that making the minimum payment each month just simply isn't going to cut it. People have to pay as much as they possibly can each month, to get out of the hole.
The people should also be informed that many of the "get out of debt" companies DO NOT pay your bills on time, in many cases--and that some of them are not reputable at all. |
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MR R SOLE
 |
Cut them up. |
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uofgleam
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How to avoid credit card debt?
1. Don't use a credit card
- or -
tell your credit card company to lower your limit to something small like $5,000. |
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j3572h
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Don't get credit cards!!!!!!!!!! |
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